NSE Sustainability Report Highlights Progress and Impact

The report is a comprehensive compilation of the progress and milestones achieved by the Nigerian Stock Exchange (NSE) during the reporting period. It aligns with the organization’s sustainability commitments, developed as part of its Corporate Sustainability and Responsibility (CSR) strategy. The report also details activities undertaken by the NSE to contribute to achieving the Sustainable Development Goals (SDGs) across its ecosystem.

Key Highlights of the Report

• Green Bond Growth: Green bond listings increased by over ₦30 billion.
• Cross-Border Green Listing: Executed the first cross-border green listing of Access Bank’s ₦15 billion Green Bond, following an MoU with Luxembourg Stock Exchange (LuxSE).
• Circular Economy Promotion: Collected 1,809 kg of recyclables from the NSE Head Office.
• Global Money Week Impact: Engaged 66,749 students, marking a 342% increase from the previous 15,116 students.
• Essay Competition: Received 40,966 applications for the annual NSE Essay Competition, more than double the previous year’s submissions.
• Financial Literacy Event: Hosted the inaugural Ring the Bell for Financial Literacy in collaboration with IOSCO and WFE.
• Employee Volunteering Programme (EVP): Participation increased by 265%.
• Awards and Recognitions:
  • Best Corporate Social Responsibility Initiative (Promoting Sustainability & Reporting) at the 9th Marketing World Awards in Accra, Ghana.
  • Rotary Outstanding Invaluable Company Award for CSR from Rotary International District 9110, Nigeria.

NSE’s Commitment to Sustainability

Mr. Olumide Orojimi, Head of Corporate Communications at NSE, stated:

“At The Exchange, we continue to hold ourselves accountable to the highest standards, constantly exploring new ways to apply sustainability practices in our business operations and promote the integration of Environmental, Social, and Governance (ESG) imperatives in the Nigerian capital market. This year’s report highlights the remarkable progress we made in implementing our strategic objectives with measurable impacts on all stakeholder groups.”

He further emphasized the capital market’s pivotal role in achieving the SDGs, adding:

“We advanced our commitment to galvanize action towards responsible business practices and disclosures by issuing the NSE Sustainability Disclosure Guidelines and launching the Facts Behind the Sustainability Report series. These initiatives will significantly impact the private sector’s disclosure of non-financial activities and position the economy for inclusive economic growth driven by sustainable, responsible, and impact investments.”